SLDP Technical Analysis - SOLID POWER INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to SLDP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SLDP is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, SLDP did better than 98% of all other stocks.

SLDP is part of the Automobile Components industry. There are 81 other stocks in this industry. SLDP outperforms 100% of them.

SLDP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month SLDP has a been trading in the 3.42 - 7.38 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

SLDP has an average volume of 12895600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SOLID POWER INC / SLDP Weekly stock chart

SOLID POWER INC / SLDP Daily stock chart

Setup Rating and Analysis

Although SLDP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.53

7.19

We found 3 important support areas.

Support @4.06 from a trend line in the weekly time frame.
Support @3.74 from a trend line in the daily time frame.
Support @3.57 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for SLDP is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SLDP is up.
ChartMill Relative Strength	98.81	POSITIVE	SLDP has a high relative strength, it outperformed 98.81% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SLDP is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SLDP is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of SLDP is above the rising SMA(200).
Relative Strength Index/RSI (14)	75.86	OVERBOUGHT	The high RSI value suggests SLDP may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.28	POSITIVE	The MACD value suggests SLDP has a positive trend.
Stochastics (14,3)	86.67	OVERBOUGHT	The high Stochastics value suggests SLDP may be overbought.
Average True Range in percent/ATR (20)	9.43	HIGH VOLATILITY	The high ATR as a percentage value for SLDP suggests high volalility.
Average Directional Index/ADX (14)	35.14	POSITIVE	The high ADX value value for SLDP suggests a strong trend.